How Empty Land in the Arizona Desert Gets Turned Into Homes

Odd Lots

Bloomberg

News, Investing, Business, News Commentary, Business News

4.4 • 1.6K Ratings

🗓️ 2 March 2023

⏱️ 46 minutes

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Summary

Homebuilders have experienced major whiplash over the last few years. The pandemic originally caused them to slam the brakes on new development. Then the housing boom happened and they raced to catch up and build — but then they ran into supply-chain constraints. Then in 2022, the interest rate shock put the market into a freeze. But before that building can begin, how do developers find completely unused land and turn it into new homes? Who takes on that risk? Who buys and brokers that land? On this episode of the podcast, we speak with Chase Emmerson, the co-CEO of Emmerson Holdings, an Arizona-based boutique land investor. He explains the process of securing land, getting it permitted for development, obtaining water rights, and more. He also walks us through what he's seeing in the housing market right now.

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1:16.5	Hello and welcome to another episode of the AdLot podcast. I'm Joe,
1:22.0	and I'm Tracy L.O.A.
1:23.3	Tracy, you know, we've talked a lot about the home builders.
1:26.4	And, you know, the factors that go into building a home, the supply chain,
1:31.2	crunch, the effect of rates.
1:33.7	We've seen this big collapse in a single-family home construction
	...

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